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In this video, Seth explains how to create a warranty deed and a quitclaim deed. He emphasizes that while these two deed types are very different, the information required for both is quite similar. Seth aims to guide viewers through the basic process of drafting a deed, using blank templates he has used previously. However, he cautions that these templates may not be applicable in all states, as various laws and statutes regulate deeds specific to each state. Viewers are advised to be aware of local legal requirements before using the provided templates.